Tax Credit Extention Update

NAR is stepping up pressure on Congress to extend the $8,000 home buyer tax credit. Their strategy includes a nation-wide call-for-action which more than 450,000 REALTORS® have answered by either calling or emailing their elected officials. NAR is also placing ads in Washington D.C. newspapers and on the Wall Street Journal, New York Times, Washington Post and Google websites.

Finally, NAR officials are meeting directly with congressional leaders. Earlier this week NARs First VP Ron Phipps testified in front of the Senate Banking Committee about the impact the Tax Credit has had on home buying activity in 2009. You can read Mr. Phipps testimony by clicking here.

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